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Comparing persistence of product and process innovation: A discrete-time duration analysis of innovation spells

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  • Córcoles, David
  • Triguero, Ángela
  • Cuerva, María Carmen

Abstract

The main purpose of this paper is to analyse the influence of previous experience and learning capabilities on survival in product and process innovation for Spanish manufacturing firms in the period 1990-2010. The authors find past and path dependence and confirm the important effect of R&D effort in both types of innovation. Nevertheless, for product innovation, the level of appropriability and the fact of operating in a high-tech sector are more crucial for persistence in comparison with process innovation.

Suggested Citation

  • Córcoles, David & Triguero, Ángela & Cuerva, María Carmen, 2016. "Comparing persistence of product and process innovation: A discrete-time duration analysis of innovation spells," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 10, pages 1-35.
    • Handle: RePEc:zbw:ifweej:201632
    DOI: 10.5018/economics-ejournal.ja.2016-32
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    1. Stephanie Prada-Villamizar & Esther Sánchez-Peinado, 2021. "Entrepreneurship, innovation, and internationalization: The moderating role of the institutions," Estudios Gerenciales, Universidad Icesi, vol. 37(160), pages 506-517, August.
    2. Sun, Xian & Lee, Soo-Hoon & Phan, Phillip H., 2019. "Family firm R&D investments in the 2007–2009 Great Recession," Journal of Family Business Strategy, Elsevier, vol. 10(4).

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    More about this item

    Keywords

    persistence in innovation; product innovation; process innovation; discretetime duration models; Spanish firms;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General

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